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In trading on Tuesday, shares of Telephone & Data Systems Inc's 6.625% Dep Shares Ser UU Cumulative Prfd Stock (Symbol: TDS.PRU) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $20.62 on the day.
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Key PointsThe S&P 500's rally has caused the dividend yield to contract.
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Bank of America strategist Michael Hartnett warns against investing in bonds as the U.S. continues to run large deficits.
In trading on Tuesday, shares of BPY's 6.50% Class A Cumulative Redeemable Perpetual Preferred Units, Series 1 (Symbol: BPYPP) were yielding above the 10% mark based on its quarterly dividend…
